KUALA LUMPUR: Glove maker Careplus Group Bhd
has entered into a deal to acquire a 90% stake in a hotel in Senawang, Negeri Sembilan.
Careplus is planning to convert the property into a workers' hostel.
"The Proposed Acquisition is part of the Group’s plan to consolidate the workers’ hostels into a central location to enable efficient management and ease of administrative purposes," it said in a filing with Bursa Malaysia today.
Careplus, on Wednesday, entered into a conditional share acquisition agreement to buy Centro Heights Sdn Bhd from its three individual owners for a total of RM3.8mil.
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